Just keep on walking

🐢 This Week in DeFi 🐢

Can you believe it’s already Friday again? Time flies when you’re busy…

Let’s take a look at what happened this week in DeFi 👀

Protocol Cover is our most popular product

If you’re depositing crypto onto one of the major protocols, protect it against smart contract hacks, oracle failure, governance attacks & more

Choose from 70+ cover listings from @aave to @SushiSwap & cover your crypto today 🛡️

Hack Recap: CREAM V1 2021

In Oct 2021, CREAM finance was hacked for $130M, the 3rd largest ever DeFi hack at the time. The attacker minted a large amount of crYUSD & exploited a vulnerability to double the value of the tokens

Nexus paid out $397K in claims to cover holders 🤝

Engineering Update

If you were an active Nexus Mutual user during our V1 days (pre March 2023) and see $NXM transferred to your wallet, it’s because we are deprecating support for the V1 contracts

Over the next week, our team will be covering gas fees to claim and transfer any NXM associated with users past participation as cover buyers, risk assessors, or claim assessors when Nexus Mutual V1 was live

Users can verify that the NXM in their wallet is the official token by checking the smart contract address:

0xd7c49CEE7E9188cCa6AD8FF264C1DA2e69D4Cf3B

Haven't been active in the Nexus Mutual community since the V2 launch?

We’ve made lots of updates, so you should come see the new ways to put your NXM to work 🚀

Here are some ways you can use your NXM in V2, and you can check out the link below:

- Buy Cover
- Stake and Delegate NXM to a Staking Pool Manager
- Create your own staking pool, manage your NXM and accept delegations from others
- Redeem NXM for ETH through the Ratcheting AMM

Thank you for being part of Nexus Mutual 🤝

“Being in #FounderMode means understanding every facet of your product, connecting with your customers, and identifying their pain points.

It's about embracing a mindset of rapid iteration and recognizing that failure isn't a setback, it's a learning opportunity.” @HughKarp

It's funny because it's true

🐢 This Week in DeFi 🐢

From a cease and desist against @Uniswap to a hack on a protocol in the @pendle_fi ecosystem, it was another eventful week in DeFi

Let’s dig in ⛏️

This is based.

Get ready to cover your crypto across the most popular Base protocols with a new product from @OpenCover & Nexus Mutual

Stay tuned for Base Pass, the easiest way to protect your crypto on @Base against smart contract hacks & more!

Sign up for the beta below ⬇️

Handling investor funds comes with the responsibility of safeguarding their assets 🛡️

With Fund Portfolio Cover, get peace of mind knowing your LPs assets are protected against smart contract risks on major protocols

Get in touch with us to talk about your fund’s bespoke cover!

🐢 DeFi 101 🐢

Liquidity is how easily one asset can be converted to another

In DeFi, it comes from assets being locked into pools to enable decentralized trading

People are incentivized to provide liquidity by earning fees & rewards

Have you tried providing liquidity?

If you’re on @Contango_xyz, it just got even easier to protect your crypto from smart contract risks…

Introducing 3 new bundle options:

Contango + @MorphoLabs
Contango + @aave
Contango + @compoundfinance

Head over to @OpenCover to get set up today!

Partner Highlight: OpenCover

If you are looking for a simple way to cover your assets with low gas fees and no KYC required, then @OpenCover has the perfect solution for you!

They are always innovating new ways to make it even easier for people to protect their crypto 🛡️

Did you catch the @NexusMutualDAO community call last week?

Check out the replay here!

https://www.youtube.com/watch?v=2UiZX5F-y3Q

any minute now...

🐢 This Week in DeFi 🐢

Back in New England, they say if you don’t like the weather, wait 5 minutes. Well the same could be said about crypto…

Is your crypto spread across multiple protocols?

With our Bundled Protocol Cover product, choose from 50+ combos of the leading DeFi protocols to secure your crypto for 1 low price 🤝

Whether it's @beefyfinance + @curvefinance or @eigenlayer + @ether_fi, get your bundle today!

🐢 DeFi 101 🐢

Automated Market Maker - AMM

Pioneered by @Uniswap, AMMs replace traditional order books with liquidity pools managed with smart contracts. This allows them to automatically set prices for traders without a centralized exchange.

Next week is about liquidity!

✨We're excited to share our participation in creating the NORS certification.

NORS is a pivotal development for the Ethereum staking community.

It sets a verifiable framework for validator risk management and operational excellence.

We’re thrilled to announce the Node Operator Risk Standard (NORS) certification!

Developed in collaboration with interdisciplinary leaders to foster greater transparency and trust.

Learn more at 👉 http://nors.global